Inflation eases to 9.11% on food prices - Financial Express

New Delhi: Moderating prices of essential food items like onions, potatoes and milk pulled down inflation marginally to 9.11 per cent in November, a development that may prompt the Reserve Bank to halt its monetary tightening strategy at its policy review on Friday.
Inflation, as measured by the Wholesale Price Index, stood at 9.73 per cent in October, 2011. It was recorded at 8.2 per cent in November, 2010.
A marginal decline in inflation is good news amid the depressing scenario on the industrial production and rupee front.
While industrial production declined by 5.1 per cent in October, the rupee has fallen to an all-time low below Rs 53 per dollar.
With inflation dropping, all eyes are now on the RBI's monetary policy review scheduled for December 16. The central bank has been hiking interest rates since March, 2010, in its bid to tame inflation, but in the last review, the RBI had indicated it may...